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Dec 9, 2012
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from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
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and the american enterprise institute signed a letter sent to congress stating that it is especially ironic that congress is contemplating raising tax rates for those making above two hundred fifty thousand dollars and tags further encourages the wealthy to sit on their money rather than invest in new job creating businesses and some claim that tag is the poster child for too big to fail bank subsidies and that they guarantee basically gives them. subsidy but if that's the case then why do we see headlines like this one of the largest lobbies for tag is the independent community bankers of america there it is right there tags must be extended to protect community banks so community banks banks have benefited by attracting deposits that previously went to larger banks which are seen as safer according to a.p. small banks are worried that there will be an outflow of money from their institutions to large banks or to big money market mutual funds now the wall street journal reports that larger banks many of which offer money market funds in addition to deposit accounts have not taken a
and the american enterprise institute signed a letter sent to congress stating that it is especially ironic that congress is contemplating raising tax rates for those making above two hundred fifty thousand dollars and tags further encourages the wealthy to sit on their money rather than invest in new job creating businesses and some claim that tag is the poster child for too big to fail bank subsidies and that they guarantee basically gives them. subsidy but if that's the case then why do we...
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Dec 18, 2012
12/12
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geddes, and he is the, an adjunct scholar at the american enterprise institute. welcome and you're recognized. >> thank you, mr. chairman mica. i appreciate the opportunity to be back and speaking to the committee once again, and i just wanted the note that in addition to my affiliation with the american enterprise institute, i'm an associate professor at cornell university in the department of policy analysis and management and that just this semester with a cornell grad, john foote, class of '74 engineering grad, his company developed easy pass. we have started a new program and infrastructure policy at cornell, and i have some information about that. and that is to educate future generations of students and young people on the important issues that this committee addresses. and i hope to be able to work with the committee in the future and, hopefully, with yourself in developing this program. in fact, i think it's the only one of only two such programs that are currently operational in the united states focusing on infrastructure policy. the other one being at
geddes, and he is the, an adjunct scholar at the american enterprise institute. welcome and you're recognized. >> thank you, mr. chairman mica. i appreciate the opportunity to be back and speaking to the committee once again, and i just wanted the note that in addition to my affiliation with the american enterprise institute, i'm an associate professor at cornell university in the department of policy analysis and management and that just this semester with a cornell grad, john foote,...
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Dec 13, 2012
12/12
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he is now president and fellow -- excuse me, resident fellow at the american enterprise institute. these salaries are really bothering a lot of people. 333 vice presidents are making almost $400,000. >> these numbers are out of line. i have supported the senior management. the executive vice president ceo getting market-based alleys. once you get below those, they should spend the ranks of these directors and vice presidents, they should cut the salaries back. i said one year ago that i thought a proposal to bring them under civil service makes sense. it would actually help some of the lower level employees. tracy: right now they are making more than nongovernment employees. they are making more than a non-private sector for the same job across the board. >> absolutely. i think it is important. that is the other part of the story. i think that in any case they have been expanding since they have gone through a conservatorship. these entities have to start shrinking. that is the whole goal. why should they be expanding, and at the same time, lowering salaries for these mid-level emp
he is now president and fellow -- excuse me, resident fellow at the american enterprise institute. these salaries are really bothering a lot of people. 333 vice presidents are making almost $400,000. >> these numbers are out of line. i have supported the senior management. the executive vice president ceo getting market-based alleys. once you get below those, they should spend the ranks of these directors and vice presidents, they should cut the salaries back. i said one year ago that i...
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a senior fellow at the american enterprise institute. good to have you here. you believe they're going over the cliff. >> i think their is a real danger of this. one can see a path for obaa that does not look so terrible if we do go over the cliff. all of the taxes go up, but the democrats have an opportunity to introduce legislation to reduce the taxes for 98 percent of the people leaving the wealthier people, i guess you could call them wealthy, the top two percentage to stay at the high rates. it is possible to do this. lou: it is possible, but i have to ask you, surely te republicans have to undestand and had to understand six months ago what what transpired in this lame duck session of congress? what this president would press forward to. the fiscal cliff, the result of sequestration and agreements between the two parties, capitol hill and the white house. why would they not have thought out a position here? >> you know, one of the things that puzzles me about this is, even today the debate that the republicans are engaged in is really a debate with thems
a senior fellow at the american enterprise institute. good to have you here. you believe they're going over the cliff. >> i think their is a real danger of this. one can see a path for obaa that does not look so terrible if we do go over the cliff. all of the taxes go up, but the democrats have an opportunity to introduce legislation to reduce the taxes for 98 percent of the people leaving the wealthier people, i guess you could call them wealthy, the top two percentage to stay at the...
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Dec 17, 2012
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. >> arthur brooks with the american enterprise institute finds sur rent debates about higher taxes misguided with federal spending on over drive. >> it is as simple as a family that does that. the problem is right now you have a situation in which the government in it's over spending ways tries to rationalize it by saying that actually the problem is we are under taxing the american public. like your responsible brother in law runs up his credit card goes bust the real problem is because you stopped sending me checks. it's crazy. that's yoirresponsible. we have a debtor nation that has the mentality if only we could squeeze more money out of people who are working honestly earning their living we can solve this problem fblt the truth of the matter is our country spends too much. >> take a closer look at the deficit tomorrow in part 2. so what do you want the government to spend your money on? let me know on twitter. you can follow me at bret baier. still ahead success is a bad thing in one try. we will explain. plus congressman kim scott is headed to the u.s. senate. see how conservatives ra
. >> arthur brooks with the american enterprise institute finds sur rent debates about higher taxes misguided with federal spending on over drive. >> it is as simple as a family that does that. the problem is right now you have a situation in which the government in it's over spending ways tries to rationalize it by saying that actually the problem is we are under taxing the american public. like your responsible brother in law runs up his credit card goes bust the real problem is...
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Dec 13, 2012
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here's a guy i really expect of aei, the american enterprise institute talking about the broadcast kneltworks. i can't recall a campaign where i've seen more lying going on. and it wasn't symmetric. but it seemed pretty clear to me that the republican campaign was far more from the top. if voters are going to be able to hold accountable political figures, they've got to know what's going on. and that the story that you're telling repeatedly would be all equally to blame then you're really doing a disservice to voters and that's not what journalists are supposed to co. do very much on to the general election, take a look at this look back. >> i didn't know there was a difference between joe stalin and barnie frank. >> now, todd aiken talking about legitimate rape and spouting some cave man theory that sex, which is forced, cannot result in pregnancy. finally, we meet the missing link that the party cannot get in bed with the most freakish element of the right, the person hood nuts and all of this rest of this ma naj ree and not become, itself, a freak show. >> it's abts the hard right running
here's a guy i really expect of aei, the american enterprise institute talking about the broadcast kneltworks. i can't recall a campaign where i've seen more lying going on. and it wasn't symmetric. but it seemed pretty clear to me that the republican campaign was far more from the top. if voters are going to be able to hold accountable political figures, they've got to know what's going on. and that the story that you're telling repeatedly would be all equally to blame then you're really doing...
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Dec 27, 2012
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. >> my new think tank home the american enterprise institute has a summer program for college students. i just saw this. it actually looks pretty good. >> that's right. spend your summer there, get a lot of chgs interesting information. >>> coming up next on msnbc, chris jansing & company. thanks for watching. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll b
. >> my new think tank home the american enterprise institute has a summer program for college students. i just saw this. it actually looks pretty good. >> that's right. spend your summer there, get a lot of chgs interesting information. >>> coming up next on msnbc, chris jansing & company. thanks for watching. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then...
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Dec 31, 2012
12/12
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with me now is michael rubin, resident scholar at the american enterprise institute and a happy new year to you, sir. what does it mean for the united states? does it up the ante or is this more bravado from the iranians? >> certainly, adam, we need to take iranian bravado seriously. they are sabre-rattling, when it comes to the military tests there are photoshop warriors to be attached but the iranian arms industry is becoming more lethal and indeed they're getting a lot of help, not only from countries like north korea, but also from countries like belarus and perhaps even russia. adam: do we know for a fact this test really took place and it was successful or are they plain out lying? >> we don't know that yet because in the past sometimes the tests have been exaggerated but remember, the iranians can learn just as much from a failed test as they can from a successful test. but what we do know is this. the iranians have been expanding beyond the strait of hormuz. they have established naval bases on the indian ocean, the sea of oman. they have sent ships up through the suez canal. and
with me now is michael rubin, resident scholar at the american enterprise institute and a happy new year to you, sir. what does it mean for the united states? does it up the ante or is this more bravado from the iranians? >> certainly, adam, we need to take iranian bravado seriously. they are sabre-rattling, when it comes to the military tests there are photoshop warriors to be attached but the iranian arms industry is becoming more lethal and indeed they're getting a lot of help, not...
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Dec 11, 2012
12/12
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michael rubin, a resident scholar at the american enterprise institute. mike barrett, let me start with you. why are we doing this. >> i have a hard time explaining this. i've been on the show before and talked about it. in general giving some money to the military is a good idea because they're somewhat moderating force in egypt. giving more training, weapons, small arms, ammunition is one thing. 20 f-16s puts you in entirely different category. i'm frankly surprised they will do this. melissa: judy, i thought this had something to do with the deal that president morsi brokered between hamas and israel. maybe this is pay back. this has been in the works for a long time. >> exactly. that's why, melissa, if they cancel this order it would send a hugely negative signal just at a time when the united states is kind of hoping that somehow the egyptian government manages to hold its together. so far they are their own worst enemy. they're doing everything they can to screw things up, but, we still hope, we hope that they are going to prevail at least, at least
michael rubin, a resident scholar at the american enterprise institute. mike barrett, let me start with you. why are we doing this. >> i have a hard time explaining this. i've been on the show before and talked about it. in general giving some money to the military is a good idea because they're somewhat moderating force in egypt. giving more training, weapons, small arms, ammunition is one thing. 20 f-16s puts you in entirely different category. i'm frankly surprised they will do this....
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Dec 29, 2012
12/12
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. >> a scholar with the american enterprise institute as well, probably not fair to call him a political pundits. what about glen beck? he launched his own imprint, but his fox show is off the air. can you see the result of his sales? >> as far as i can tell glyn back, what he has been doing since he left fox has been trying to build a brand that reaches of very dedicated community not only through satellite oriented radio show but a new site called the blaze and other things going on through his web site and other brand opportunities. he has a dedicated imprint by simon and schuster. his philosophy has been moving toward trying to reach the same dedicated loyal following over and over again and build on that a little bit at a time rather than necessarily go for more outrage than fox had because he can do what glenn does best. what is interesting to see, he has shifted what he has done over the last few years and no doubt he will continue to adapt his persona over the next year or so. >> he has a new novel out cackling the un. his previous tackling the un. his previous novel, the over ti
. >> a scholar with the american enterprise institute as well, probably not fair to call him a political pundits. what about glen beck? he launched his own imprint, but his fox show is off the air. can you see the result of his sales? >> as far as i can tell glyn back, what he has been doing since he left fox has been trying to build a brand that reaches of very dedicated community not only through satellite oriented radio show but a new site called the blaze and other things going...
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Dec 11, 2012
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orsteen, the american enterprise institute and governmental studdings at the brookings institution. welcome to both of you. >> thank you, chuck. >> norm, i want to start with you. first of all, remind people is aei a conservative think tank or not? >> it is, but does not mean people have widely varying views. heritage it's not, especially with jim dimint going over there, i don't think anything will compare to heritage. >> the bigger issue, tom, that you believe we in the media have gotten it wrong. there is this back and forth. i guess what i would argue is, if, if a party believes what they're saying and they believe, if they get the perfect set of circumstances, then their fact, they believe will get there. how do you balance that one? >> you really have to go to the substance of what they're saying. we both acknowledge that it's hard for reporters whose professional norms require some notion of fairness and balance. but in a time when we have what we call asymmetric polarization. with one of the parties, in this case, the republicans, has run so far off the track. if you use tha
orsteen, the american enterprise institute and governmental studdings at the brookings institution. welcome to both of you. >> thank you, chuck. >> norm, i want to start with you. first of all, remind people is aei a conservative think tank or not? >> it is, but does not mean people have widely varying views. heritage it's not, especially with jim dimint going over there, i don't think anything will compare to heritage. >> the bigger issue, tom, that you believe we in...
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Dec 11, 2012
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ask alex, research fellow at the american enterprise institute and former chief economist for the house ways and means committee. alex, here's the thing, it's tax on both plans. >> well, to do go to your opening remark, you're definitely right. there's a short term crisis where taxes are set to skyrocket on january 1st and long term challenges that can want be met with tax increases alone. mathematically impossible. we have health care spending growing faster than the overall economy. there's no tax policy that can rectify that situation. tracy: why spending? why hasn't anybody brought spending entitlements to the table? >> well, i think we have. the speaker is talking a lot about the need to deal not only with the expiration of the bush tax cuts, but to look beyond the next few weeks and looming fiscal challenges and talk about more structural changes, and so there's a host of policy options out there. i'm not sure which ones he's advocating, but with regards to social security or medicare, the eel jilt age, those are all policies to help bring down federal spending on health care and
ask alex, research fellow at the american enterprise institute and former chief economist for the house ways and means committee. alex, here's the thing, it's tax on both plans. >> well, to do go to your opening remark, you're definitely right. there's a short term crisis where taxes are set to skyrocket on january 1st and long term challenges that can want be met with tax increases alone. mathematically impossible. we have health care spending growing faster than the overall economy....
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Dec 9, 2012
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enterprise institute where they took on that challenge. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. >> i have heard it suggested that the problem is that the american people have changed. that too many people want things from government. but i'm still convinced that the overwhelming majority of our people just want what my parents had, a chance. >> george will, i think marco used the phrase, middle-class, more than two dozen times in that speech. >> usually the forgotten middle class and it's all we talk about. the republicans' problem is the national problem, the sense of stagnation among americans who are not on the ladder of upward mobility. health care costs and the cost of that which puts you on the ladder, the cost of college. in four, five weeks, we are going to pass a milestone, a trillion dollars of student debt. 2/3 of kids leave college with student debt, average $29,000 a person. they're graduating from college with a mortgage already. how are they going to buy houses, form
enterprise institute where they took on that challenge. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. >> i have heard it suggested that the problem is that the american people have changed. that too many people want things from government. but i'm still convinced that the overwhelming majority of our people just want what my parents had, a chance. >> george will, i think marco...
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Dec 23, 2012
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i want to introduce my good friend and former colleague, kevin hassett, american enterprise institute, formerly senior economist at the fed. he read a great chapter on the path to growth, focusing on spending, taxes and certainty. next come on the far end, jason fichtner, senior research fellow at the mercator center at george mason university and former chief economist of deputy commissioner during president bush's term of the social security administration. and he wrote a superb chapter on how social security should be reformed to encourage growth. finally, as president bush, our editorial friend, brendan miniter who edited this book. i want the opportunity to thank contributors to the book who are here today. additional contributors who aren't on the panel. raise your hand -- she read about immigration. richard palm of smu and michael cox of smu are both here. and as you can see, smu is very important. in fact, maria and meaty who is here today also a chapter for the book and it's very important to the bush center. this is the bush institute's first book, the first of many as you w
i want to introduce my good friend and former colleague, kevin hassett, american enterprise institute, formerly senior economist at the fed. he read a great chapter on the path to growth, focusing on spending, taxes and certainty. next come on the far end, jason fichtner, senior research fellow at the mercator center at george mason university and former chief economist of deputy commissioner during president bush's term of the social security administration. and he wrote a superb chapter on...
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now work at the american enterprise institute. thanks for coming on the show. >> thanks for having me. melissa: do you think they will be successl in this? do you think sancons aimed at ending flow of gold into iran will really work first of all? >> sanctions itself isn't going to reverse the determination of iran to, get a nuclear weapons capability. but what we're doing is applying increasingly amounts of pressure on iran and about a year ago t senate voted 100-0 to impose banking sanctions on iran and there is very little from which we can get such bipartisan unty. what happens is iran started sending oil, sending gas to turkey in exchange for gold and so what the cop guess is doing now, again with the unanimous vote, the senate, that is, is to try to plug this last hole. if precedent is to be believed it will increase pressure a huge amount. melissa: but you know turkey wants that natural gas. that is why they're paying in gold. so i mean how realistic is it that we can actually stop them from doing this, from buying it and gi
now work at the american enterprise institute. thanks for coming on the show. >> thanks for having me. melissa: do you think they will be successl in this? do you think sancons aimed at ending flow of gold into iran will really work first of all? >> sanctions itself isn't going to reverse the determination of iran to, get a nuclear weapons capability. but what we're doing is applying increasingly amounts of pressure on iran and about a year ago t senate voted 100-0 to impose banking...
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Dec 7, 2012
12/12
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so many of its older loans are going bad that one critic, ed pinto of the american enterprise institute estimates that a full blown recappization could cost taxpayers $25 billion if combined with major reforms. that does not appear likely right now, especially with budget cuts coming in the battle over the fiscal cliff but the agency has an unlimited line of credit with the treasury department. today, the housing secretary could not rule out tapping it but he said those hire fha loan fees and other changes could head it off. >> based on all of that, do you expect a taxpayer bailout as we sit here today? if so, when? >> based on those stats, i believe we have significantly decreased the chance of having a bailout at the end of 2013 or having to draw on the treasury. i'm not going to assign a possibility at this -- probabilt this point. >> thinks the fha could end up tapping the treasury short-term for several billion dollars next year. shepard. >> shepard: when next year, pete, do we know. >> the devil rays session it will signal intentions on possible treasury funding for the fha when i
so many of its older loans are going bad that one critic, ed pinto of the american enterprise institute estimates that a full blown recappization could cost taxpayers $25 billion if combined with major reforms. that does not appear likely right now, especially with budget cuts coming in the battle over the fiscal cliff but the agency has an unlimited line of credit with the treasury department. today, the housing secretary could not rule out tapping it but he said those hire fha loan fees and...
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Dec 23, 2012
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. >> host: charles murray is a scholar at the american enterprise institute as well. probably not fair to call him a political pundit. he launched his own imprint, but his talk show is off the air. can you see the result in his sales? >> guest: as far as i can tell, glenn beck, what he's been doing since he left fox is trying to build a brand that reaches a very dedicated community, not only through a satellite oriented radio show. he is a new site called the police. he has other things going on through his website. other brand opportunities. he does have this dedicated imprint through simon & schuster. so i feel like his philosophy has been moving toward trying to reach the same dedicated, loyal following over and over he can and build on that a little bit at a time rather than necessarily go for the more mass reach that fox had because this way i suppose he could do what he does best. what is interesting to see if he has shifted what he has done over the last few years and no doubt he will continue to adapt his persona over the next year or so. >> host: >> guest: he
. >> host: charles murray is a scholar at the american enterprise institute as well. probably not fair to call him a political pundit. he launched his own imprint, but his talk show is off the air. can you see the result in his sales? >> guest: as far as i can tell, glenn beck, what he's been doing since he left fox is trying to build a brand that reaches a very dedicated community, not only through a satellite oriented radio show. he is a new site called the police. he has other...
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Dec 30, 2012
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host: mark of the american enterprise institute writes under the headline "make the middle class pay more." he says -- host: your thoughts about what mr. threesen had to saw. say. guest: i differentiate the debate we're having that it's basically about the tax system for next year and maybe the year after. and a longer term debate about tax and spending policy. and i think going forward, especially after the economy has a chance to fully recover and is on stronger footing, then i think it is not only a reasonable but necessary for taxes to go up relative to what they have been the past few years and even over the past 10 years to rise to slightly higher levels in order to meet the spending needs that the country seems to long. host: ed is in columbus, ohio. he's talking to us on the democrats line this morning. ed, you're on the "washington journal" with joseph rosenberg, research associate at the tax policy center. caller: thank you, good morning. mr. rosen berg, with the fiscal cliff blooming, do you believe the i.r.s. will be able to calibrate their system at this late of a date a
host: mark of the american enterprise institute writes under the headline "make the middle class pay more." he says -- host: your thoughts about what mr. threesen had to saw. say. guest: i differentiate the debate we're having that it's basically about the tax system for next year and maybe the year after. and a longer term debate about tax and spending policy. and i think going forward, especially after the economy has a chance to fully recover and is on stronger footing, then i...
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Dec 4, 2012
12/12
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let's dig florida this a little bit with a columnist at the american enterprise institute and a cnbc contributor around michael lipped, policy director of the economic program and co-founder of the new america foundation. we know this everybody in dv has extremely long titles not tv friendly. jimmy, start off with you, because if you look at the gop's plan and the raising of revenues or taxes by the reduction of deductions and then you dig into the states where you get the most itemized deductions, whether mortgages, local, property, state taxes, he is -- the gop are going right after this the blue states. >> would you think. exactly right. particularly with the deduction for state and local taxes. talking the high-tax blue state, massachusetts, illinois, california, ones that went overwhelmingly for the president. >> they voted for the guy, i live in one of those states we get what we get, we don't get upset. >> think both sides should like it republicans should like it you are going after the blue state bus talking about upper income people for a great deal and the president wants
let's dig florida this a little bit with a columnist at the american enterprise institute and a cnbc contributor around michael lipped, policy director of the economic program and co-founder of the new america foundation. we know this everybody in dv has extremely long titles not tv friendly. jimmy, start off with you, because if you look at the gop's plan and the raising of revenues or taxes by the reduction of deductions and then you dig into the states where you get the most itemized...
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Dec 31, 2012
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enterprise institute. can you follow alsxex now at facebook.com/now with alex. andrea mitchell reports next with chris sitting in for andrea, and will he have the president's live remarks on the fiscal cliff. good afternoon to you, chris. >> hello, joy. thank you very much. coming up, are we close to a deal? president obama will speak in about 30 minutes. we'll have it live. also joining us delaware senator chris kuhns, jack kingston and maryland democratic congressman elijah cummings talking about the cliff and the deal, maybe. we're also live at new york's presbyterian hospital with the latest on secretary of state hillary clinton's condition. andrea mitchell reports is next. we can afford to take an extra trip this year. first boston... then san francisco. hotwire checks the competitions' rates every day so they can guarantee their low prices. so our hotels were half price. ♪ h-o-t-w-i-r-e... ♪ hotwire.com
enterprise institute. can you follow alsxex now at facebook.com/now with alex. andrea mitchell reports next with chris sitting in for andrea, and will he have the president's live remarks on the fiscal cliff. good afternoon to you, chris. >> hello, joy. thank you very much. coming up, are we close to a deal? president obama will speak in about 30 minutes. we'll have it live. also joining us delaware senator chris kuhns, jack kingston and maryland democratic congressman elijah cummings...
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enterprise institute. welcome back to the show. thank you for joining us. >> thank you. melissa: let me get your reaction what is going on today. first in egypt. reports he left the palace. is that meaningful to you? >> i don't think so. you know, i think it is probably just discretion on his part. they're firing. there is a lot of violence there. people are climbing over the fences. i suspect rather than fleeing the palace as it has been made to sound in certain headlines he is just actually getting out of the way of this confrontation. melissa: it sounds pretty serious. one of the points you make from one perspective shows democracy is in action. before the protests began a lot of people made prediction we would see many protesters out there in support of morsi. to them and what else to go out and protest. seems like there are a lot more angry protesters out there than those in favor of president morsi. looks like he is losing at least some control. what happens, who is next in line if something happens?
enterprise institute. welcome back to the show. thank you for joining us. >> thank you. melissa: let me get your reaction what is going on today. first in egypt. reports he left the palace. is that meaningful to you? >> i don't think so. you know, i think it is probably just discretion on his part. they're firing. there is a lot of violence there. people are climbing over the fences. i suspect rather than fleeing the palace as it has been made to sound in certain headlines he is...
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this i want to bring in kevin hasset from the american enterprise institute. he was a key romney adviser during the campaign. diane swonk is also with us, she's the chief economist from a financial company. the deduction is getting about $10 billion more expensive every year. but this is money in people's pockets. christine does outline that low income people don't nearly get the benefit of this that high income people do or high value homeowners do. but it is money in the economy. so what's the danger of pulling it out? what does it do to the economy or the housing industry? at this stage of the game, it is very little. i wouldn't eliminate it entirely. this is a major transition. but i do think it needs to be major scaled back so that most americans with benefit from it. but we really would rather have high income americans investing in our future, investment markets and equity markets, things like that rather than in their homes. if they can build multimillion dollar homes, you don't need a million dollar deduction. i don't think that's the best use of gove
this i want to bring in kevin hasset from the american enterprise institute. he was a key romney adviser during the campaign. diane swonk is also with us, she's the chief economist from a financial company. the deduction is getting about $10 billion more expensive every year. but this is money in people's pockets. christine does outline that low income people don't nearly get the benefit of this that high income people do or high value homeowners do. but it is money in the economy. so what's...
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i want to bring in jean zahadi, a senior writer at your money and kevin haslett of the american enterprise institute. he was the author of much of mitt romney's economic policies. a good friend of the show. jean, let me start with you. tax increases on people making more than 250,000 a year. let's use that as a number. it might be 400,000, it might be half a million. it might be a million. let's take $250,000. if you increase taxes, the marge nalt tax rate from 35% to 39.6% on that group of people, does it hurt the economy? >> i'm going to use estimates from the congressional budget office. a nonpartisan score keeper for congress. they found if you let the bush tax cuts on higher earners, it would boost the economy almost as much as if you let everybody's bush tax cuts stay in place. there's little difference on how much would you help the economy if you let the bush tax cuts stay in place for everyone or for most people. in that sense it sounds like it wouldn't have a huge effect on the economic recovery. having said that i think if you asked most economists and tax experts, all things be
i want to bring in jean zahadi, a senior writer at your money and kevin haslett of the american enterprise institute. he was the author of much of mitt romney's economic policies. a good friend of the show. jean, let me start with you. tax increases on people making more than 250,000 a year. let's use that as a number. it might be 400,000, it might be half a million. it might be a million. let's take $250,000. if you increase taxes, the marge nalt tax rate from 35% to 39.6% on that group of...
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veteran congress-watcher norman ornstein is with the american enterprise institute, a conservative think tank in washington >> there's been four years especially of deep frustration among democrats. frustration because the filibuster has been used really over the last six years, but in particular, over the last four, in ways that it was never in history used before. >> holman: designed to protect the rights of the minority party in the senate, the filibuster was used sparingly, often for issues of great importance like civil rights. but as the tool has become a regular tool of political warfare, scrutiny of the procedure has increased and questions raised about its impact on the chamber. now, reid and other senate democrats want to change the rules to eliminate the 60-vote threshold needed to formally begin debate on a bill; and require a "talking filibuster," forcing senators to make their case on the floor for hours and hours, like jimmy stewart did in the 1939 film "mr. smith goes to washington." >> i'm not, and i'm going to stay right here and fight for this lost cause. >> holman: or
veteran congress-watcher norman ornstein is with the american enterprise institute, a conservative think tank in washington >> there's been four years especially of deep frustration among democrats. frustration because the filibuster has been used really over the last six years, but in particular, over the last four, in ways that it was never in history used before. >> holman: designed to protect the rights of the minority party in the senate, the filibuster was used sparingly,...
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joining me now: norman ornstein, a long-time watcher of congress and a scholar at the american enterprise institute, and newshour political editor christina bellantoni. christina, what are we watching snowed what's going on? what's the thinking on what's up in the house of representatives tonight? >> a lot of people are a little confused by what speaker boehner is trying to do here because we've got plenty of -- plenty of time is probably not the right word to use but there's a lot of time in congressional terms when it comes to the urgency of this fiscal cliff matter. so they're having a vote before they leave for christmas on a plan that a lot of republicans are signing on to because they feel like they have to but whatever they hold these votes later and late interthe evening that's a signal they're not quite there yet and that's what you're seeing happen today and this companion bill you mentioned in that piece there, that's where you're seeing the deal making go on. you have to leadership team adding to that, putting sweeteners in, things here and there, but politically it's a danger
joining me now: norman ornstein, a long-time watcher of congress and a scholar at the american enterprise institute, and newshour political editor christina bellantoni. christina, what are we watching snowed what's going on? what's the thinking on what's up in the house of representatives tonight? >> a lot of people are a little confused by what speaker boehner is trying to do here because we've got plenty of -- plenty of time is probably not the right word to use but there's a lot of...
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here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the house though probably with majority democrat. if that happens, we may well have a deal. >> you said a big f, though. if mcconnel and reid can hammer something out. the senate hasn't passed a budget in years, jared. tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester
here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the...
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here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment and see how high we can crank up tax rates in this country without it hurting economic growth. they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have some humility. the french don't seem to have any. those socialists are going to go down with the ship. >> they're going to go down with the ship. when that ship goes down, there's not going to be any millionaires and billionaires left. they will have left and gone to switzerland. be
here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment and see how high we can crank up tax rates in this country without it hurting economic growth. they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a...
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we set up together at the american enterprise institute a regular set of dinners with a group of new members coming in, and we had quite a remarkable crew. >> rose: right. >> dick cheney, geraldine ferraro and newt gingrich among them, newt from 1978 on knew his approach to winning the republican majority, and i have some sympathy with him because it was 24 straight years of democratic rule in the house when he came in, it took 16 more years to make it work. but the fact is, he tribal lied the place, and his strategy was to get americans to say, not just -- well i hate the congress but my own individual member is terrific. >> rose: right. >> but instead to say this is so bad that anything would be better, nationalizing by tribal liesing and that .. began a process where you had a radicalization of forces and the use of the ethics process as a weapon for political purposes, a whole series of things that took us down a bad, bad road and if you put that together with the rise of talk radio and the partisan media turning into a tribal media, and then throw into the toxic mix a grover nor
we set up together at the american enterprise institute a regular set of dinners with a group of new members coming in, and we had quite a remarkable crew. >> rose: right. >> dick cheney, geraldine ferraro and newt gingrich among them, newt from 1978 on knew his approach to winning the republican majority, and i have some sympathy with him because it was 24 straight years of democratic rule in the house when he came in, it took 16 more years to make it work. but the fact is, he...